UBS Group AG reports 20.04% stake in Vipshop (NYSE: VIPS)

Rhea-AI Filing Summary

UBS Group AG reports beneficial ownership of 16,129,947 Class A ordinary shares of Vipshop Holdings Ltd, representing 20.04% of the class. The filing states UBS Group AG filed on behalf of itself and wholly owned subsidiaries, and shows shared voting power of 188,844 and shared dispositive power of 16,129,947.

Key Figures

Shares beneficially owned: 16,129,947 shares Percent of class: 20.04% Shared voting power: 188,844 shares +2 more

5 metrics

Shares beneficially owned 16,129,947 shares Amount beneficially owned reported on Schedule 13G/A

Percent of class 20.04% Percent of Class A ordinary shares reported

Shared voting power 188,844 shares Shared power to vote or direct the vote

Shared dispositive power 16,129,947 shares Shared power to dispose or direct disposition

Filing signature date 05/07/2026 Signature date on the amendment

Key Terms

Schedule 13G/A, Beneficially owned, Shared dispositive power, Shared voting power

4 terms

Schedule 13G/A regulatory

"Amendment No. 4 ) Vipshop Holdings Ltd Class A ordinary shares"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 16,129,947"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared dispositive power financial

"8 | Shared Dispositive Power 16,129,947.00"

Shared voting power financial

"6 | Shared Voting Power 188,844.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 04:17 PM Learn about SEC filing dates

FAQ

What stake does UBS hold in Vipshop (VIPS)?

UBS reports ownership of 16,129,947 shares, or 20.04% of Vipshop's Class A shares. The Schedule 13G/A lists shared voting power of 188,844 and shared dispositive power over 16,129,947 shares as reported by UBS Group AG.

Who filed the Schedule 13G/A for Vipshop (VIPS)?

The filing was submitted by UBS Group AG on behalf of itself and several wholly owned subsidiaries. Subsidiaries named include UBS Financial Services Inc, UBS Securities LLC, UBS AG London Branch, UBS TC (Jersey) Ltd and UBS Europe SE.

Does UBS have sole voting or dispositive power over Vipshop shares?

No; UBS reports zero sole voting power and zero sole dispositive power. The Schedule 13G/A shows shared voting power of 188,844 and shared dispositive power of 16,129,947 for the reported holdings.

When was the Schedule 13G/A for Vipshop signed?

The signature on the filing is dated 05/07/2026. The Schedule indicates the report is Amendment No. 4 and identifies the issuer's principal executive offices in Guangzhou, China.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Vipshop Holdings Ltd

(Name of Issuer)

Class A ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

G93629106

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G93629106

1

Names of Reporting Persons

UBS Group AG

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 188,844.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 16,129,947.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,129,947.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.0 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vipshop Holdings Ltd
(b)	Address of issuer's principal executive offices: VIPSHOP HEADQUARTERS, 128 DINGXIN ROAD, VIPSHOP HEADQUARTERS, 128 DINGXIN ROAD, Guangzhou, CHINA, 510335.
Item 2.
(a)	Name of person filing: UBS Group AG
(b)	Address or principal business office or, if none, residence: Bahnhofstrasse 45 PO Box CH-8021, Zurich, Switzerland
(c)	Citizenship: Switzerland
(d)	Title of class of securities: Class A ordinary shares, par value US$0.0001 per share
(e)	CUSIP No.: G93629106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 16,129,947
(b)	Percent of class: 20.04%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 188,844
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 16,129,947
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by UBS Group AG on behalf of itself and its wholly owned subsidiaries UBS Financial Services Inc, UBS Securities LLC,UBS AG London Branch,UBS TC (Jersey) Ltd and UBS Europe SE.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

UBS Group AG

Signature:	Andrew Johnson
Name/Title:	Director
Date:	05/07/2026